Speaker 1: An illegal alien from Guatemala charged with raping a child
Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
Speaker 1: accused of murdering a Texas man of Venezuelan charged with
Speaker 1: filming and selling child pornography in Michigan. These are just
Speaker 1: some of the heinous migrant criminals caught because of President
Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
Speaker 1: crossings are at the lowest levels ever recorded, and over
Speaker 1: one hundred thousand illegal aliens have been arrested. If you
Speaker 1: are here illegally, your next you will be fined nearly
Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
Speaker 1: never return. But if you register using our CBP home
Speaker 1: app and leave now, you could be allowed to return legally.
Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
Speaker 1: border and families will be protected.
Speaker 2: Sponsored by the United States Department of Homeland Security.
Speaker 3: Let's talk about this potential bubble forming in the airbnb
Speaker 3: market and how resilient is the company's business model in
Speaker 3: economic down This is actually a stock and real estate
Speaker 3: question because we can talk about Airbnb stock, which has
Speaker 3: not performed at extremely high levels. And we can also
Speaker 3: you know, I'm investing in Airbnb hasn't worked out. Yeah,
Speaker 3: I brought Airbnb a long time ago.
Speaker 4: You said it.
Speaker 3: Yeah, it's a little bit. It's not it's not a
Speaker 3: lot of Yeah, it's it's oh, it's not a lot
Speaker 3: of money. That's why I looked over like, what it's
Speaker 3: not a lot of money.
Speaker 4: But yeah, it hasn't. It hasn't worked out. I'll tell
Speaker 4: you that much.
Speaker 5: We're pressure in you don't call me on this one.
Speaker 4: I forgot, I forgot.
Speaker 3: But yeah, Airbnb is currently at one hundred and thirty
Speaker 3: two dollars. I think it debuted in twenty twenty at
Speaker 3: one hundred and thirty nine dollars.
Speaker 4: Then it got all the way up to two hundred
Speaker 4: and nineteen twelve.
Speaker 3: And then yeah, it's just been kind of like moving
Speaker 3: sideways dropping ever since.
Speaker 6: It's about to be back to where ibo that Airbnb?
Speaker 3: We speaking of investments, we got, Wow, we got somebody.
Speaker 3: Actually I'll talk about that later. Airbnb is a very
Speaker 3: interesting company because it's it's revolutionized the world really and
Speaker 3: you know, has given hotels really a run for their money.
Speaker 3: It's really the uber of hospitality, and you know where
Speaker 3: anybody can now like how uber anybody could have became
Speaker 3: a cab driver. Now anybody, you know, you can just
Speaker 3: rent your house or rent your apartment. Brilliant idea. It's
Speaker 3: actually one of the best ideas that I think I've
Speaker 3: ever heard of. But like all good things, there's going
Speaker 3: to be challenges, and uh, the hospitality lobby extremely strong,
Speaker 3: and they have attacked them and they have they have
Speaker 3: successfully caused them.
Speaker 4: Lots of issues. A lot of cities have.
Speaker 3: Banned airbnb's, a lot of buildings have been airbnb, a
Speaker 3: lot of regulation. You can only airbnb half the year,
Speaker 3: you can't sublease the Airbnb is. They've they've faced a
Speaker 3: lot of issues. So academics actually even posted it. I
Speaker 3: got the screen beach his radar. So yeah, let's talk
Speaker 3: about it. Let's talk about it. You want to go
Speaker 3: over to the cities, Okay, So these are the cities.
Speaker 3: Top ten cities for Airbnb collapse. Orlando, Florida down thirty
Speaker 3: to thirty four percent, Panama City down thirty four percent, Seattle, Washington,
Speaker 3: down thirty five percent, Lakeland, Florida down thirty five percent.
Speaker 3: New Orleans down thirty seven percent, Breakridge, Colorado, down thirty
Speaker 3: seven percent, Denver, Colorado, down thirty eight percent, Nashville down
Speaker 3: thirty nine percent, Southbury, Maryland thirty nine percent, Asheville, North
Speaker 3: Carolina forty two percent, San Antonio, Texas forty three percent,
Speaker 3: Myrtle Beach, South Carolina down forty five percent, Austin, Texas,
Speaker 3: down forty six percent, Phoenix, Arizona, down forty seven percent,
Speaker 3: And the number one is Severnville, Tennessee is down forty
Speaker 3: seven Who is paying sixty two hundred dollars to stay
Speaker 3: in Sarahville, Tennessee.
Speaker 5: What's around there?
Speaker 4: That must be I don't know what'sn't that's.
Speaker 5: Going on over there, but all right, somebody let us
Speaker 5: know if.
Speaker 7: A our journalistic integrity said this data is cute, which
Speaker 7: it can be. My larger point that I do want
Speaker 7: to address though, versus the stock, and then we can
Speaker 7: go to the business model. I don't think the Airbnb
Speaker 7: stock is dead, but I think it has been severely affected,
Speaker 7: like you said, by legislation. So number one, like, if
Speaker 7: you don't have legislation on your side, you definitely don't
Speaker 7: want to be attacked. If it's not going to be
Speaker 7: in your favor. Airbnb is a great idea that it's
Speaker 7: probably poorly executed and as a beneficiary of a ton
Speaker 7: of funding, but the management team isn't reflective of the
Speaker 7: amount of funding that they were receiving.
Speaker 5: Stock is on the up and up a little bit.
Speaker 7: Everything is bounced up this year just because hedge funds
Speaker 7: and pension funds have to rotate money, so that's not
Speaker 7: really an indicative of their performance. I think they need
Speaker 7: to change some of these rules, Like, yes, it was
Speaker 7: an innovative idea to disrupt, but also when you try
Speaker 7: and disrupt the market, the existing players that are there
Speaker 7: are going to push back heavily. Hotels of justed incredibly well.
Speaker 7: And let's be honest, Airbnbs are not the safest thing
Speaker 7: to be in. So if there's a chance of something that,
Speaker 7: like if you have a prominent rapper like Pop Smoke
Speaker 7: Die in one of your properties, And on top of that,
Speaker 7: if I get one in Atlanta, I gotta pay a
Speaker 7: two hundred and fifty dollars cleaning fleet fee.
Speaker 5: I'm like Brian going on vacation a fucking mop No,
Speaker 5: I'm sorry.
Speaker 7: There has to be fundamental changes in their business in
Speaker 7: order to make Airbnb viable Uber, Airbnb, vrbo. Some of
Speaker 7: those businesses come at the tail end of the last
Speaker 7: cycle of social media or web two point zero.
Speaker 5: The business models just are not as strong. I don't
Speaker 5: like the stock.
Speaker 7: The stock should hit one forty then slide back to
Speaker 7: somewhere around between one ten and one hundred. It probably
Speaker 7: won't be back to two nineteen in a long time.
Speaker 7: It's one of the stocks that got affected by inflation. Now,
Speaker 7: could they make an adjustment, some changes in management restructuring.
Speaker 5: There's a lot that they can do.
Speaker 7: There's some people probably from HG and Hilton that they
Speaker 7: probably should hire to run the company or add to
Speaker 7: their board that could give them a stronger push. But overall,
Speaker 7: I don't like the stock. And for those that have
Speaker 7: been doing Airbnb for a while, as there's still ways
Speaker 7: to because I know Matt gonna cook the substante shot
Speaker 7: out the MG. Are there still ways to be profitable
Speaker 7: in airbnbes, but at scale.
Speaker 5: Once again, same with colleges.
Speaker 7: The premise of just renting apartment anywhere and you can
Speaker 7: lease it and make money is not as promising or
Speaker 7: lucrative as was once proposed in twenty eighteen, twenty nineteen,
Speaker 7: and twenty twenty, and for that reason.
Speaker 4: I do not like.
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Speaker 1: An illegal alien from Guatemala charged with raping a child
Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
Speaker 1: accused of murdering a Texas man of Venezuelan charged with
Speaker 1: filming and selling child pornography in Michigan. These are just
Speaker 1: some of the heinous migrant criminals caught because of President
Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States
Speaker 1: Secretary of Homeland Security under President Trump. Attempted illegal border
Speaker 1: crossings are at the lowest levels ever recorded, and over
Speaker 1: one hundred thousand illegal aliens have been arrested. If you
Speaker 1: are here illegally, your next you will be fine nearly
Speaker 1: one thousand dollars a day. Imprisoned and deported, you will
Speaker 1: never return. But if you register using our CBP home
Speaker 1: app and leave now, you could be allowed to return legally.
Speaker 1: Do what's right, leave now. Under President Trump, America's laws,
Speaker 1: border and families will be protected.
Speaker 2: Sponsored by the United States Department of Homeland Security.
Speaker 3: Airbnb's stock So, like I said, business model Airbnb, Uber,
Speaker 3: it's kind of similar and new stock has actually performed
Speaker 3: kind of similar too. Uber has been sideways since it's open.
Speaker 3: It's went up and.
Speaker 4: Then came back down and kind of like cardiac.
Speaker 3: Chart yep, margin in both businesses. All right, So Uber
Speaker 3: is a bad stock. Also, are they coming to invest us?
Speaker 4: Not currently not currently.
Speaker 3: Uber socks piece of shit, respectfully, respectfully, respectfully.
Speaker 5: Great innovation.
Speaker 7: Okay, this is well, somebody is equivalent of me using
Speaker 7: nineteen ninety moves in a twenty twenty three NBA environment.
Speaker 6: Yes, man, there's people are gonna say, like, look they
Speaker 6: weren't profitable.
Speaker 5: They finally are profitable. Why isn't this good? Okay, I'll
Speaker 5: answer that, And now I won't even lean on my.
Speaker 7: Two favorite cards, Apple or Microsoft if they're just not
Speaker 7: profitable and they're barely better than let's say, like when
Speaker 7: let's just take real estate, we're gonna say Airbnb is
Speaker 7: are estate company? Are they better than let's say McDonald No,
Speaker 7: not abb I'm saying Uber. Are they better than Tesla? No,
Speaker 7: we can argue, but they're different. They're different companies though
Speaker 7: Uber ubert is Uber?
Speaker 5: Go ahead?
Speaker 4: How many? How many times a month do you use it?
Speaker 2: Uber time?
Speaker 4: Exactly?
Speaker 5: That doesn't mean that it's a good.
Speaker 3: The problem marginal, terrible and Uber eats forget about it.
Speaker 5: Oh boy, got a pot back on that stove.
Speaker 3: You know what I'm saying, it's a very useful. It's
Speaker 3: a very it's a very it's very useful. Well that
Speaker 3: might be an issue, but that it's very Most people
Speaker 3: use Uber all the time.
Speaker 5: Oh I forgot that.
Speaker 6: Yeah, Yeah, we just we use a lot.
Speaker 8: It's tough when you have relationships, you use Uber and
Speaker 8: so do we. And I think it's a great it's
Speaker 8: a great invention.
Speaker 4: For not, but you bring up a good point.
Speaker 3: You bring up a good point that maybe maybe maybe
Speaker 3: they needed a new CEO. And I don't want to
Speaker 3: advocate for anybody lose their job, but I think that
Speaker 3: the business model in Uber is very solid and very useful.
Speaker 3: The profit margin thing what you what you mentioned that
Speaker 3: could be that could be an issue.
Speaker 4: So but half of the like, like I said, I
Speaker 4: use Uber all the time. I don't.
Speaker 3: You haven't used Airbnb in a long time, But I
Speaker 3: use Uber all the time, and I use Uber Eats
Speaker 3: even more than I use Uber car service. So I
Speaker 3: feel that they have an opportunity to to be here
Speaker 3: for the long. I don't see them going away because like,
Speaker 3: let's think about it. If Uber goes away, nobody's catching
Speaker 3: cabs anymore.
Speaker 6: So like we're screwed that there's no affirmative action for cabs.
Speaker 6: That's Uber, right, So think about this, right, even for
Speaker 6: somebody issues that they had from a safety standpoint, I
Speaker 6: know that was one of the issues they they've they've
Speaker 6: addressed that right. Even now, when you're in your Uber
Speaker 6: if it's not moving, you get the text messag's like
Speaker 6: are you okay? You're you're your Uber hasn't. They've adjusted
Speaker 6: to the safety. But it was also interesting. Is the
Speaker 6: international play right Like we were watching Uber go into countries.
Speaker 6: We sat down at Afro Afro crin uh In l
Speaker 6: A and we were talking about uber Co and Naghana
Speaker 6: and Uber coming to Nigeria. So this there's still this
Speaker 6: international play that they still have room for expansion like
Speaker 6: we were in Europe it was easy, like catching the
Speaker 6: Uber was nothing, So there's still some room for growth.
Speaker 6: I'm not so sure. I'm embarrassing. And that income is
Speaker 6: down nine point one four billion.
Speaker 3: Dollars for this year twenty twenty two.
Speaker 4: The income was down.
Speaker 3: That's surprising because like I said, I don't I don't
Speaker 3: know why the income will be down.
Speaker 4: People using it.
Speaker 7: Yeah, some margins game and if I'm going to be
Speaker 7: super transparent, any business that is operating off really thin
Speaker 7: the margins.
Speaker 5: Or low price they usually go through.
Speaker 7: This series has went through this like the Circuit City
Speaker 7: failed and went under.
Speaker 5: Because it's like.
Speaker 7: It's all like it works for a period of time
Speaker 7: when there's an exuberance in the culture or country and
Speaker 7: spending or where there's so much money slushing around, but
Speaker 7: when things get tight.
Speaker 5: Will the business be able to survive.
Speaker 7: Usually no, and that's on the enterprise side or on
Speaker 7: the B two C side. It has to even in
Speaker 7: going to the episode in government contracting, just because you
Speaker 7: put it in the lowest bid does not mean you're
Speaker 7: gonna get the offer. Because you offer the lowest bid,
Speaker 7: you may not be able to fulfilled the services needed
Speaker 7: as a result. So everything, please write this down. Everything
Speaker 7: in business is really about margin. Yeah, I know, I
Speaker 7: get criticized and killed for my prices all the time
Speaker 7: while doing a free show every week. I cannot wait
Speaker 7: till for all these be pre recorded. But you need
Speaker 7: a higher price point to be sustainable. Notice, even when
Speaker 7: Tesla beat those deliveries deliveries, right, one of the things
Speaker 7: they talked about is are we going to increase these
Speaker 7: prices back so our margins are not dramatically affected. You
Speaker 7: need that capital to be able to reinvest into the business.
Speaker 5: So I'm glad you.
Speaker 6: Brought up Tessa because that might be a way to
Speaker 6: help the margins, right yep. On Tournament driving, this might
Speaker 6: be away and Steve zero zero on YouTube. Yeah, I'm
Speaker 6: aware that Ubers and Ghana. I was referring to the
Speaker 6: gentleman who was integral in bringing the company to the country.
Speaker 3: My graduates from my school being forced back drop drop
Speaker 3: might drop drop.
Speaker 1: An illegal alien from Guatemala charged with raping a child
Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador
Speaker 1: accused of murdering a Texas man of Venezuelan charged with
Speaker 1: filming and selling child pornography in Michigan. These are just
Speaker 1: some of the heinous migrant criminals caught because of President
Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States
Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
Speaker 1: crossings are at the lowest levels ever recorded, and over
Speaker 1: one hundred thousand illegal aliens have been arrested. If you
Speaker 1: are here illegally, your next you will be fined nearly
Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
Speaker 1: never return. But if you register using our CBP home
Speaker 1: app and leave now, you could be allowed to return legally.
Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
Speaker 1: border and families will be protected.
Speaker 2: Sponsored by the United States Department of Homeland Security,